MCD records ‘strong’ profits

Concert promoters MCD Productions recorded “strong” profits last year in spite of a 22% drop in ticket sales to 1.2m.

Announcing that Oxegen is to return for two days on Aug 3 and 4 this year, MCD chief executive Denis Desmond said yesterday that he was “very happy with 1.2m sales in the current economic climate”.

Describing the 2012 profits as strong, Mr Desmond said that the biggest grossing shows of last year were two Westlife concerts at Croke Park and Madonna at the Aviva.